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Important Notice of Changes
Important Changes to the Revolving Credit Agreement that applies to your Scotiabank Credit Card accounts (Excluding Scotia Momentum® Visa Infinite* Card, Scotia Momentum® Visa* Card, Scotia Momentum® No-Fee Visa* Card and Scotia Momentum® for business Visa* Card) Important Changes to the Revolving Credit Agreement that applies to your Scotia Momentum Mastercard®* |
Frequently asked questions
The changes being made relate to:
- When the Standard Interest Rates may apply is changing (the rates are not changing) Note: These are the higher rates (than your Preferred Interest Rates) that apply if you have missed payments on your account.
- Cash Advance fees, Balance Transfer fees and Cash-like transaction fees are changing
- Cash Back Program (applicable only to Scotia Momentum® Mastercard®* credit card accounts) is changing
We are making changes to the Cash Back Program associated with your account including: New definitions of Good Standing (Good Standing at time of Purchase or Good Standing at Payout) that will impact when you can earn cash back or receive the payout of cash back, plus a rounding clarification. We have also updated how we can change the Cash Back Program terms to include changes electronically and how we make changes if you are a Quebec resident.
Reminder for Accounts that earn Scene+™ points:
Effective as of February 1, 2026, as set out in your Scene+ Program terms that apply to your Account, we want to remind you that you will not earn Scene+ points if your Account with us is not in good standing (which means is not delinquent (past due*) or over limit and no cardholder on your Account is in breach of the credit agreement that applies to your Account (the Revolving Credit Agreement)). However, even if your Account is not in good standing, any Scene+ points already earned will still be eligible to redeem in your Scene+ membership account.
*Note: “past due” includes if we have not received your total minimum payment on your statement by your payment due date.
We regularly review the features and benefits offered on our credit cards, including pricing. In some cases, this means fees, rates, features, or benefits change. This helps us keep our products and services competitive and valuable to you. |
All changes are effective as of February 2026. For more information, refer to your credit card's applicable Notice of Change found at the top of this page. |
The changes are being made to all personal and business Scotiabank Credit Card Accounts (see exclusions below).
(Please see 'Cashback Credit Card Accounts' Notice of Change (NOC) for Scotia Momentum® Visa Infinite* Card, Scotia Momentum® Visa* Card, Scotia Momentum® No-Fee Visa* Card and Scotia Momentum® for business Visa* Card). Note, these Scotiabank Credit Card Accounts are excluded from this Notice of Change.
We are changing when your standard interest rates may apply. Note, these are the higher rates (than your Preferred Interest Rates) that apply if you have missed 2 minimum payments on your account in any 12-month period. The Standard Rates only apply if we do not receive your minimum payment by the payment due date on your statement two times in any 12-month period and it will take effect on the first day of the statement period following the second missed payment. |
Cash Advance fees (in Canada) , Balance Transfer fees and Cash-like transaction fees are changing from $5.00 per transaction to the greater of: $5.00 or 1% of the transaction amount. See the Notice of Change for full details.
Tip: To avoid incurring multiple fees for several separate small cash advance transactions, consider combining them into one larger transaction.
Scotiabank credit card accounts that earn Scene+ points must be in good standing to earn points. We want to remind you that you will not earn Scene+ points if your Account with us is not in good standing (which means your account is delinquent (past due*) and no cardholder on your Account is in breach of the credit agreement that applies to your Account (the Revolving Credit Agreement)). However, even if your account is not in good standing, any Scene+ points already earned will still be eligible to redeem. *Note: “past due” includes if we have not received your total minimum payment on your statement by your payment due date. |
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As a first course of action, please contact your Advisor, or reach out to the Customer Contact Centre (1-800-4SCOTIA or 1-800-472-6842).
Scotiabank is committed to providing accessible information and communication to its clients. We recognize that persons with disabilities may use methods other than standard print to access information. Scotiabank will communicate with individuals with disabilities in ways that account for their disability while remaining accommodating and respectful. Some methods that Scotiabank offers include large print, accessible PDF, and braille. You can request alternate format documents and communication supports by:
For more information, please visit https://www.scotiabank.com/ca/en/about/accessibility/accessibility-features.html |
If you currently receive statements for your account(s) with us in the mail (via paper), your monthly statements will likely be delayed during the postal disruption. This includes any paper notice of changes that would be sent with your monthly statement.
If you have a personal or business credit card with Scotiabank, the copies of notices about changes to your account can be found above. These notices of changes are included with your November statements. We recommend you consider switching to eStatements (paperless delivery), through the mobile app or online banking. Learn more about eStatements here.
Questions or Concerns?
If you have any concerns or if you do not agree with the changes to your Scotiabank Credit Card Account (the Account), you must notify Scotiabank within 30 days of the effective date of the changes to close your Account and we can discuss alternative solutions that may better suit your financial needs. Should you still wish to close your Account, you can do so, without cost or penalty, and discuss payment options for any outstanding balance owing on your Account.
Important Changes to the Revolving Credit Agreement that applies to your Scotia Momentum® Visa Infinite* Card Important Changes to the Revolving Credit Agreement that applies to your Scotia Momentum® Visa* Card Important Changes to the Revolving Credit Agreement that applies to your Scotia Momentum® No-Fee Visa* Card Important Changes to the Revolving Credit Agreement that applies to your Scotia Momentum® for business Visa* Card Important Changes to the Revolving Credit Agreement that applies to your Scotia Momentum® Mastercard®* |
Frequently asked questions
The changes being made relate to:
1. New! 2% Cash Back on eligible Food delivery purchases
- New! Cash Back Anytime feature
- Soon, you can redeem your cash back anytime instead of having to wait for an annual payout in November.
- Other key changes:
- New definitions of Good Standing that will impact when you can earn or redeem cash back;
- Rounding rule clarification; and other important changes you should review.
2. When the Standard Interest Rates may apply is changing (the rates are not changing)
Note: These are the higher rates (than your Preferred Interest Rates) that apply if you have missed payments on your account.
3. Cash Advance fees, Balance Transfer fees and Cash-like transaction fees are changing
1. Cash Back Program changes:
- New! 2% Cash Back on eligible Transit, Rideshare and Food Delivery purchases
- New! Cash Back Anytime feature
- Soon, you can redeem your cash back anytime instead of having to wait for an annual payout in November.
- Other key changes:
- New definitions of Good Standing that will impact when you can earn or redeem cash back;
- Rounding rule clarification; and other important changes you should review.
2. Annual Fee is changing from $39 to $49
3. Annual Interest Rate on Purchases is changing from 19.99% to 20.99%
4. When the Standard Interest Rates may apply is changing and the standard rates on purchases is changing from 24.99% to 25.99%
Note: These are the higher rates (than your Preferred Interest Rates) that apply if you have missed payments on your account.
5. Cash Advance fees, Balance Transfer fees and Cash-like transaction fees are changing
1. Cash Back Program changes:
- New! 1% Cash Back on Transit, Rideshare and Food Delivery
- New! Cash Back Anytime feature
- Soon, you can Redeem your cash back anytime instead of having to wait for an annual payout in November.
- Other key changes:
- New annual spend limits on 1% earn rate categories (the Accelerated Rates);
- New definitions of Good Standing that will impact when you can earn or redeem cash back;
- Rounding rule clarification; and other important changes you should review.
2. Annual Interest Rate on Purchases is changing from 19.99% to 20.99%
3. When the Standard Interest Rates may apply is changing and the standard rate on purchases is changing from 24.99% to 25.99%) Note: These are the higher rates (than your Preferred Interest Rates) that apply if you have missed payments on your account.
4. Cash Advance fees, Balance Transfer fees and Cash-like transaction fees are changing
1. Cash Back Program changes:
- New! 2% Cash Back on Shipping and Accounting Services
- New! Cash Back Anytime feature
- Soon, you can redeem your cash back anytime (minimum $25) instead of having to wait for an annual payout in November.
- Other key changes:
- New annual spend limits on 3% and 2% earn rate categories (the Accelerated Rates);
- New definitions of Good Standing that will impact when you can earn or redeem cash back;
- Rounding rule clarification and other important changes you should review.
2. Annual Interest Rate on Purchases is changing from 19.99% to 20.99%
3. When the Standard Interest Rates may apply is changing and the standard rates on purchases is changing from 24.99% to 25.99%
Note: These are the higher rates (than your Preferred Interest Rates) that apply if you have missed payments on your account.
4. Cash Advance fees, Balance Transfer fees and Cash-like transaction fees are changing
We regularly review the features and benefits offered on our credit cards, including pricing. In some cases, this means fees, rates, features, or benefits change. This helps us keep our products and services competitive and valuable to you. |
All changes are effective as of February 2026. For more information, refer to your credit card's applicable Notice of Changes found at the top of this page
The changes are being made to our Scotiabank Credit card accounts that have a Cash Back Program. Please click the link that corresponds to your Scotiabank Credit Card Account below for more product information. Scotia Momentum Visa Infinite Card Scotia Momentum No-Fee Visa card |
The preferred annual interest rates on purchases is changing from 19.99% to 20.99%. Note: The preferred annual interest rates on purchases of 20.99% will be applied the first day after your February 2026 statement date. TIP: To avoid paying interest on new purchases you make each month, pay your entire balance in full by the payment due date that appears on your statement. You can set up pre-authorized payments to make sure you pay your balance in full each month. To avoid missing payments each month you can set up pre-authorized payments to make sure your payment – minimum payment or full balance – is received on time. Contact us if you need help setting that up. See your account’s disclosure statement for more information about your annual interest rates and the standard rates that apply to your account. |
The standard rates on purchases is changing from 24.99% to 25.99%. This standard rate only applies if we do not receive your minimum payment by the payment due date on your statement two times in any 12-month period and it will take effect on the first day of the statement period following the second missed payment Note: The standard rates on purchases of 25.99% will apply the first day after your February 2026 statement date. (but only if we have not received your minimum payment as described above). TIP: You can set up pre-authorized payments to make sure you don’t miss a payment each month. Contact us if you need help setting that up. See your account’s disclosure statement for more information about your annual interest rates and these standard rates that apply if you miss your minimum payments as described in your disclosure statement. |
We are changing how you can redeem your cash back. Introducing a new Cash Back Anytime feature so you can redeem your cash back that you’ve earned whenever you need it. A minimum of at least $25.00 in Cash Back must be redeemed each time you request a redemption using the Cash Back Anytime redemption feature. Only the Primary Borrower or a Co-Borrower on an Account can ask for a Cash Back Anytime redemption (not a supplementary Cardholder). If the Primary Borrower or Co-Borrower does not have an eligible Scotiabank Canadian Dollar personal chequing or savings bank account, Cash Back will be credited to the Scotiabank Credit Card Account Cash Back can be redeemed through the Scotia app or Scotia Online, once the Cash Back balance is posted/ made available (unless we permit you to redeem through another means). |
For the Scotia Momentum® Visa Card, the new annual fee is changing from $39 to $49 effective February 1, 2026.
The Cash Advance fees, Balance Transfer fees and Cash-like transaction fees are changing from $5.00 per transaction to the greater of: $5.00 or 1% of the transaction amount. See your Notice of Changes for your account for full details. |
“Good Standing” in the new terms for your Cash Back Program means that your Account is open, is not past due (including that we have received your total minimum payment by your payment due date), and all Cardholders are in compliance with the credit agreement that applies to your Account. |
Your Account must be open and in Good Standing to earn or redeem Cash Back (including at the time of any Cash Back redemption request). |
As a first course of action, please contact your Advisor, or reach out to our Customer Contact Centre (1-800-4SCOTIA or 1-800-472-6842).
Scotiabank is committed to providing accessible information and communication to its clients. We recognize that persons with disabilities may use methods other than standard print to access information. Scotiabank will communicate with individuals with disabilities in ways that account for their disability while remaining accommodating and respectful. Some methods that Scotiabank offers include large print, accessible PDF, and braille. You can request alternate format documents and communication supports by:
For more information, please visit https://www.scotiabank.com/ca/en/about/accessibility/accessibility-features.html |
If you currently receive statements for your account(s) with us in the mail (via paper), your monthly statements will likely be delayed during the postal disruption. This includes any paper notice of changes that would be sent with your monthly statement.
If you have a personal or business credit card with Scotiabank, the copies of notices about changes to your account can be found above. These notices of changes are included with your November statements. We recommend you consider switching to eStatements (paperless delivery), through the mobile app or online banking. Learn more about eStatements here.
Questions or Concerns?
If you have any concerns or if you do not agree with the changes to your Scotiabank Credit Card Account (the Account), you must notify Scotiabank within 30 days of the effective date of the changes to close your Account and we can discuss alternative solutions that may better suit your financial needs. Should you still wish to close your Account, you can do so, without cost or penalty, and discuss payment options for any outstanding balance owing on your Account.